well.. I for one can say that I have absolutely no financial interest in JBI. To me, this is just a fun way to spend a Sunday. And maybe to engage in a little bit of talk about stocks where I may have some influence, within the confines of the rules surrounding these sites, which are a bit restrictive.
You say that you "financial interest" is in the tech. Is that a fancy way of saying that you will invest in this falling knife because you think that the technology underneath is actually revolutionary and so it will actually work out for the investor? And you are saying that it will take years for this to occur?
This despite the fact that the initial promise of JBI was that:
- they had a magical catalyst that gave them a competitive advantage.
- they were within weeks of production.
- they could sell product within weeks for current market rates with a cost of $10/barrel.
- in the meantime, until P2O got up and running, they had a great tape-reading business that would be wildly profitable.
- they had some great subsidiaries that would provide a "floor" for the stock price.
The reality:
- There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
- They were just tinkering and were years away from meaningful production. They still might be years away. We will find out soon. Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
- their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference. Sometime back Biggy found a site where one could find sample financial statements by industry. Biggy chose refining (closest thing to JBI) and posted same on another board. No response. JBI financials are nothing like a refiner. They are probably including costs in SGA which are product-related.
- the tape business turned out to be a joke and was discontinued.
- the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
That about sum it up??
So you are happy with the pace of "progress" and are willing to wait years for this mess to sort itself out? There is a reason why the price is at .30. It is called, not having a snowball's chance.
or is that the evil MM's holding the price down.
Who is going to fund this company for years while they figure it all out? You think that if it were not for the evil MM's they would be able to get all the funding they need?
You say that you "financial interest" is in the tech. Is that a fancy way of saying that you will invest in this falling knife because you think that the technology underneath is actually revolutionary and so it will actually work out for the investor? And you are saying that it will take years for this to occur?
This despite the fact that the initial promise of JBI was that:
- they had a magical catalyst that gave them a competitive advantage.
- they were within weeks of production.
- they could sell product within weeks for current market rates with a cost of $10/barrel.
- in the meantime, until P2O got up and running, they had a great tape-reading business that would be wildly profitable.
- they had some great subsidiaries that would provide a "floor" for the stock price.
The reality:
- There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
- They were just tinkering and were years away from meaningful production. They still might be years away. We will find out soon. Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
- their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference. Sometime back Biggy found a site where one could find sample financial statements by industry. Biggy chose refining (closest thing to JBI) and posted same on another board. No response. JBI financials are nothing like a refiner. They are probably including costs in SGA which are product-related.
- the tape business turned out to be a joke and was discontinued.
- the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
That about sum it up??
So you are happy with the pace of "progress" and are willing to wait years for this mess to sort itself out? There is a reason why the price is at .30. It is called, not having a snowball's chance.
or is that the evil MM's holding the price down.
Who is going to fund this company for years while they figure it all out? You think that if it were not for the evil MM's they would be able to get all the funding they need?
